In an If Statement,when the Expression Is False,only the Else

question 47

True/False

In an If statement,when the expression is false,only the Else clause,if present,is executed.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that are globally accepted.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.

Straight-Line Method

A depreciation technique that allocates an equal portion of the cost of an asset to each year of its useful life.

U.S. GAAP

In the United States, the Generally Accepted Accounting Principles represent a standard set of guidelines for financial accounting.